Rhodia signs agreement for the sale of its Silicates Business in Nogent-L'Artaud to Woellner

18-Oct-2005

Rhodia announced the signing of an agreement for the sale of its silicates manufacturing site in Nogent-L'Artaud (Northern France) to the German company Woellner. This site produces silicates and metasilicates used in the detergence, construction and paper industries.

The Nogent-L'Artaud site employs 65 people and generated sales of approximately EUR20 million in 2004.

The transaction should be finalized in the coming weeks, pending approvals from the legal authorities.

This divestment, which offers new prospects for the site's future development, forms part of Rhodia's disposal of its non-strategic activities with a view to refocusing the Group's overall business portfolio.

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